NDLI: Valuing New Jersey’s Ecosystem Services and Natural Capital: A Spatially Explicit Benefit Transfer Approach

Content Provider	Springer Nature Link
Author	Liu, Shuang Costanza, Robert Troy, Austin D’Aagosti, John Mates, Willam
Copyright Year	2010
Abstract	We intend to estimate the value of ecosystem services in the U.S. State of New Jersey using spatially explicit benefit transfer. The aggregated net rent, a conservative underestimate for the total economic value of the state’s natural environment, ranged from $11.6 to $ 19.6 billion/year, conditional on how inclusive we were in selecting the primary studies used to calculate the central tendency values to transfer. In addition to calculating the range, mean, and standard deviation for each of 12 ecosystem services for 11 Land Use/Land Cover (LULC) types, we also conduct a gap analysis of how well ecosystem service values are represented in the literature. We then map these values by assuming a mean value for each LULC and apply this to spatial data. As to sensitivity analysis, we calculate the net present value of New Jersey’s natural environment utilizing three different methods of discounting. These research results provide a useful, albeit imperfect, basis for assessing the value of ecosystem services and natural capital, and their comparison with the value of conventional human and built capitals.
Starting Page	1271
Ending Page	1285
Page Count	15
File Format	PDF
ISSN	0364152X
Journal	Environmental Management
Volume Number	45
Issue Number	6
e-ISSN	14321009
Language	English
Publisher	Springer-Verlag
Publisher Date	2010-04-16
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Ecosystem services valuation Natural capital accounting Environmental decision-making Trade-offs Central tendency point transfer Generalization errors Measurement errors Uncertainty Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution Forestry Management Atmospheric Protection/Air Quality Control/Air Pollution Nature Conservation Ecology Environmental Management
Content Type	Text
Resource Type	Article
Subject	Ecology Pollution Global and Planetary Change

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